Contact us for a free consultation Click to Call Phone 312-913-0630
Home » Blog

Recent Blog Posts

Do I Have Any Rights if My Car is Repossessed in Illinois?

For most people, having a car is a necessity, not a luxury.  We use our cars for work, to transport our children to school and to run other important errands. Without a car our already complicated lives become even less manageable.  If you fall behind on your car payments, your lender can repossesses its collateral,… Read More »

My Income is Over the Limit, Can I Still Qualify for Chapter 7?

If you are considering filing for Chapter 7 bankruptcy and are wondering if your income is too high to qualify, you may be surprised to learn that most people who need Chapter 7 protection are allowed to file. Chapter 7 Bankruptcy is most often relief sought for debtors. Under Chapter 7, you may eliminate most… Read More »

Is It Too Late to File Chapter 13 Bankruptcy to Stop Foreclosure on My Home?

The foreclosure crisis across America is not over—at least not yet.  While the economy shows signs of increasing stability, the number of housing foreclosures is on the rise again. The nation experienced several months of decline after foreclosures peaked at 2.2 million in 2010. However, recent statistics show an 11 percent jump in May and… Read More »

Payday Loan Reforms: New Illinois Laws Encourage Fair Deals

Payday loans are short term loans – with terms ending in less than 120 days – that offer consumers quick cash to pay off bills.  Companies that make payday loans usually target people who are already in very difficult financial situations. Senior citizens and others with limited income, such as pensions or social security, and… Read More »

What Property Can I Keep If I File for Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy is often called “liquidation bankruptcy” because the bankruptcy trustee can opt to liquidate, or sell off, your non-exempt assets to repay your debts.  Chapter 7 Bankruptcy is usually a good option for people who have mostly unsecured debt, such as medical bills, payday loans or credit card debt and for people who… Read More »

Who Can Benefit from Filing Chapter 13?

You work hard and try to pay your bills on time, but the weight of your debt is too overwhelming.  You need help, time, or both to arrange your finances.  However, your creditors continue to press you for payments and some may even threaten to garnish your wages or take other legal action against you…. Read More »

Six Common Mistakes That Could Ruin Your Bankruptcy Case

Filing bankruptcy requires carefully planning with qualified and experienced chapter 7 bankruptcy attorneys to avoid making common mistakes. Although you may be able to correct some minor mistakes, others could prove costly and ruin your chances of discharge — or worse. People filing Chapter 7 bankruptcy in Illinois should avoid these common errors that may… Read More »

New Illinois Supreme Court Rules Take Effect to Safeguard against Foreclosure Abuse

Lawmakers nationwide are taking steps to stop foreclosure abuse. During the height of the housing market crash and subsequent foreclosure crisis, millions of homeowners -including those in Chicago – became victims of fraudulent foreclosures and mortgage servicing practices. Lenders sometimes engaged in “robo-signing”, where they falsified documents to accelerate the foreclosure process.  Such lender abuses… Read More »